Duke University BOT approves $2.2B budget for 2014-15
Posted May 10, 2014
Durham, N.C. — Duke University's board of trustees on Saturday approved the 2014-15 budget and several improvements to Wallace Wade Stadium, the home of the football team.
The $2.2 billion budget includes investments in the School of Medicine and School of Nursing.
The budget includes a 4.5 percent increase in institutional financial aid for undergraduates.
In addition, the university budget anticipates external support of $11 million from federal, state and other institutions for scholarships and need-based aid. About half of undergraduates receive financial support to attend Duke, the vast majority of which is need-based aid.
The average aid awarded to need-based aid recipients in the current academic year was nearly $41,000, the school said.
Some of the expenditures approved on Saturday include projects such as the new Student Health and Wellness Center and renovations to the West Union and the Rubenstain Rare Book and Manuscript Library.
Improvements to Wallace Wade Stadium include lowering the playing field, replacing the Finch-Yeager Building with a stadium press tower and new buildings on the east side of the stadium.